XML 20 R9.htm IDEA: XBRL DOCUMENT v3.23.3
Revenue Recognition
 9 Months Ended
Sep. 30, 2023
Revenue from Contract with Customer [Abstract]  
Revenue Recognition Revenue Recognition
Operating Leases
Minimum lease payments to be received under long-term operating leases and short-term specialty leases, excluding additional percentage rent based on tenants' sales volume and tenant reimbursements of certain operating expenses, and assuming no exercise of renewal options or early termination rights, are as follows:
Minimum lease payments, by yearAs of September 30, 2023
Remaining 2023$46,851 
2024184,629 
2025169,137 
2026150,047 
2027117,541 
Thereafter406,269 
Total$1,074,474 
The foregoing table includes payments from tenants who have taken possession of their space and tenants who have been moved to the cash basis of accounting for revenue recognition purposes. The remaining lease terms range from less than one year to fifty-seven years.

The following table reflects the disaggregation of lease income, net:
Three months ended September 30Nine months ended September 30
2023202220232022
Minimum base rent$41,559 $36,535 $123,580 $108,309 
Real estate tax recoveries7,808 8,137 24,273 23,143 
Common area maintenance, insurance, and other recoveries7,913 7,166 22,351 20,462 
Ground rent income4,797 3,808 14,304 11,178 
Amortization of market-lease intangibles and inducements, net629 985 2,717 4,594 
Short-term and other lease income661 674 2,610 2,858 
Termination fee income75 35 819 352 
Straight-line rent adjustment, net837 709 2,383 2,079 
(Provision for) reversal of uncollectible straight-line rent, net(107)48 109 1,046 
Provision for uncollectible billed rent and recoveries(461)(260)(927)(640)
Reversal of uncollectible billed rent and recoveries5 22 595 1,181 
Lease income, net$63,716 $57,859 $192,814 $174,562